Safety Shot Acquires 10% Revenue Share in BONK.fun, Appoints Founding Members to Board, Reserves BNKK Ticker Symbol

Safety Shot Inc. has acquired a 10% revenue sharing interest in BONK.fun, a decentralized platform on the Solana blockchain. The platform allows for the creation of meme coins without coding expertise and has experienced explosive growth since its launch in April 2025. BONK.fun's revenue is used to buy back and burn BONK tokens, increasing their value and driving more activity to the platform. Safety Shot has reserved the ticker symbol "BNKK" with Nasdaq and appointed BONK founding core members to its board.

Safety Shot Inc., a NASDAQ-listed company known for its wellness beverages, has made a significant move in the cryptocurrency space by acquiring a 10% revenue stake in BONK.fun, a leading decentralized platform on the Solana blockchain. The deal, announced on August 8, 2025, involves Safety Shot receiving $25 million worth of BONK tokens to add to its treasury [1].

BONK.fun, which allows for the creation of meme coins without coding expertise, has seen explosive growth since its launch in April 2025. The platform generated over $35 million in user fees in July, making it the highest-earning memecoin launchpad on Solana [2]. Safety Shot's investment is part of a broader strategy to diversify its corporate treasury into high-liquidity crypto assets. The company plans to reinvest approximately 90% of its BONK.fun revenue back into BONK token purchases, creating a recurring cycle of investment and return [3].

The acquisition aligns Safety Shot directly with the growth of BONK.fun, which controls more than 80% of Solana’s daily new token launch market share [4]. BONK, the fourth-largest memecoin with a $2 billion market cap, is integrated into over 400 Solana applications across decentralized finance, gaming, and consumer products [2]. Safety Shot has reserved the ticker symbol "BNKK" with Nasdaq and appointed BONK founding core members to its board, further solidifying its commitment to the platform [1].

CEO Jarrett Boon described the move as not simply buying a cryptocurrency, but acquiring a stake in a "highly profitable engine" within the digital assets space. The company highlighted the Solana blockchain's speed advantages over Ethereum-based competitors as a key differentiator [3].

However, the market reaction to the announcement has been mixed. Safety Shot's stock price dropped by more than 50% despite a 36% rise in the prior month, reflecting investor skepticism about the volatility of the memecoin market and corporate treasuries investing in speculative assets [3]. Despite this, the investment is part of a broader trend of institutional interest in the memecoin sector, with other companies like GD Culture Group also exploring crypto treasuries [3].

The outcome of Safety Shot's strategy will depend on how well BONK continues to perform and how effectively the company can manage its exposure to a market characterized by rapid price swings and speculative activity.

References:
[1] https://www.coindesk.com/markets/2025/08/08/solana-memecoin-bonk-gets-a-usd25m-corporate-treasury-boost
[2] https://coinmarketcap.com/academy/article/bonk-news-safety-shot-targets-dollar115-million-bonk-acquisition-by-year-end
[3] https://www.ainvest.com/news/solana-news-today-safety-shot-25m-bonk-investment-drives-50-stock-slide-2508/
[4] https://finance.yahoo.com/news/solana-memecoin-bonk-gets-25m-204625097.html